Investor Presentaiton
Note
2021
2020
8. Credit quality of financial assets
Liabilities
At amortized cost
Borrowing
20 (a)
23,337
23,676
Trade payables
6,914
Lease liabilities
21 (b)
1,551
5,404
858
Related parties
15
75
Confirming payables
22
3,405
11
2,380
The ratings resulting from local and global ratings were extracted from rating
agencies (S&P Global Ratings, Moody's and Fitch Ratings). For presentation,
the nomenclature standard of S&P Global Ratings and Fitch Ratings and the
classification as established in the Financial Policies were considered.
Use of public assets
25
1,867
1,497
2021
2020
37,149
33,826
Fair value through profit or loss
Local Global
Local Global
rating rating Total rating rating Total
Borrowing
20 (a)
1,667
1,389
Cash and cash equivalents
Derivative financial instruments
6.1.1 (a)
556
511
AAA
5,061
5,061 1,575
1,575
Electric power futures contracts
3,863
285
AA+
165
165
309
309
6,086
2,185
AA
680
680
158
158
AA-
140
140
46
136
182
Fair value through other comprehensive income
Derivative financial instruments
A+
200
3,396 3,596
2,092 2,092
6.1.1 (a)
526
2,412
A
137 2,309 2,446
2,216 2,216
526
2,412
A-
1,105 1,105
1,790 1,790
(i) In practice, fair value and amortized cost are equivalent, considering, by definition, the
characteristics of cash equivalents.
BBB+
219
219
687
687
BBB
27
27
300
300
BBB-
37
37
292
292
BB
15
15
13
13
BB-
34
34
10
10
B
61
61
60
60
B-
1
1
CCC+
2
2
CCC
30
30
141
CCC-
1
1
Unrated (i)
14
79
93
66
66
6,257
7,423 13,680
2,088
7,695 9,783
=View entire presentation